The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement announced on July 17, 2015.

Number of shares:  4,625,000 common shares

Purchase price:  40 cents per common share

Warrants:  2,312,500 warrants to purchase 2,312,500 common shares

Warrant exercise price:  52 cents for a period of 24 months following closing

Number of placees:  Six placees

Insider:  Osisko Gold Royalties Ltd, 1.25 million

The company has issued a news release announcing the closing of the private placement on July 22, 2015.